10,000 Shares in NexPoint Residential Trust, Inc. $NXRT Purchased by Inceptionr LLC

Inceptionr LLC bought a new position in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the financial services provider’s stock, valued at approximately $333,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp increased its stake in shares of NexPoint Residential Trust by 4.6% in the first quarter. Northern Trust Corp now owns 455,908 shares of the financial services provider’s stock valued at $18,022,000 after buying an additional 19,927 shares during the period. Invesco Ltd. lifted its position in shares of NexPoint Residential Trust by 63.9% during the 1st quarter. Invesco Ltd. now owns 330,285 shares of the financial services provider’s stock valued at $13,056,000 after acquiring an additional 128,745 shares during the period. Virtus Advisers LLC bought a new position in shares of NexPoint Residential Trust during the 1st quarter worth about $415,000. Hsbc Holdings PLC boosted its holdings in NexPoint Residential Trust by 26.5% in the first quarter. Hsbc Holdings PLC now owns 43,458 shares of the financial services provider’s stock worth $1,714,000 after acquiring an additional 9,091 shares in the last quarter. Finally, Strs Ohio raised its position in shares of NexPoint Residential Trust by 877.5% during the second quarter. Strs Ohio now owns 39,100 shares of the financial services provider’s stock worth $1,303,000 after purchasing an additional 35,100 shares during the period. Institutional investors and hedge funds own 76.61% of the company’s stock.

Insider Activity at NexPoint Residential Trust

In related news, Director Brian Mitts sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $30.52, for a total transaction of $152,600.00. Following the completion of the sale, the director directly owned 60,900 shares in the company, valued at approximately $1,858,668. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.36% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of NexPoint Residential Trust from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Truist Financial decreased their price objective on NexPoint Residential Trust from $34.00 to $31.00 and set a “hold” rating for the company in a report on Monday, November 17th. Zacks Research cut shares of NexPoint Residential Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, November 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $40.13.

NexPoint Residential Trust Stock Performance

Shares of NXRT opened at $31.81 on Friday. The company has a debt-to-equity ratio of 4.55, a current ratio of 1.49 and a quick ratio of 1.49. NexPoint Residential Trust, Inc. has a one year low of $29.93 and a one year high of $47.67. The firm has a market capitalization of $806.70 million, a PE ratio of -16.57 and a beta of 1.09. The company has a 50-day simple moving average of $31.38 and a two-hundred day simple moving average of $32.74.

NexPoint Residential Trust (NYSE:NXRT) last issued its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. NexPoint Residential Trust had a negative net margin of 19.23% and a negative return on equity of 13.32%. The company had revenue of $62.83 million during the quarter, compared to analysts’ expectations of $63.04 million. NexPoint Residential Trust has set its FY 2025 guidance at 2.750-2.750 EPS. On average, analysts anticipate that NexPoint Residential Trust, Inc. will post 2.86 EPS for the current fiscal year.

NexPoint Residential Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, December 15th. This represents a $2.12 dividend on an annualized basis and a yield of 6.7%. This is a boost from NexPoint Residential Trust’s previous quarterly dividend of $0.51. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -106.25%.

NexPoint Residential Trust Company Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.